Entries for October 2008
How fitting that in these cost-conscious times, some experts are questioning whether pricey new diabetes drugs like Actos and Byetta actually provide more bang for the buck than older, cheaper ones. Their research dovetails nicely with new diabetes treatment guidelines that support trying less expensive drugs to lower blood sugar levels first and only moving on to more expensive drugs if the cheaper ones don't do the trick.
Researchers at Stanford University and the University of Chicago reported that spending on diabetes drugs nearly doubled between 2001 and 2007, to $12.5 billion. They concluded that the use of newer diabetes drugs was largely responsible for the rise in the mean cost per prescription from $56 in 2001 to $76 in 2007. More patients also received prescriptions for more than one medication. In 1994, 82 percent of patients took just one drug; by 2007, that number had dropped to just 47 percent.
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diabetes
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drugs
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prescription drugs
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Figuring out how to get the best care at a reasonable cost through a consumer-driven health plan takes practice, and doctors are often just as confused as their patients. If you're accustomed to simply deferring to your doctor's medical expertise, you may need to be more assertive about managing your care if you want to keep costs under control, new research suggests.
A "consumer driven" plan typically refers to a health insurance policy with a deductible of at least $1,000 that has some sort of financial account (like a health savings account) attached to it into which the consumer, the employer, or both can deposit money to pay for medical expenses. Because of that high deductible, patients may be responsible for paying for doctor visits, lab work, diagnostic imaging, drugs, and other medical expenses that would be covered under a traditional plan, at least until they reach the deductible. (Even if your plan doesn't qualify as "consumer driven," chances are you're paying more out of pocket every year, so these issues may concern you, too.) Some 13 percent of companies that offer health insurance have such plans now, but they're spreading: About a quarter of employers say they're at least somewhat likely to offer one next year, according to the Kaiser Family Foundation.
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health insurance
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insurance
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